back to indexRPF_0009_-_Why_Your_House_is_a_Terrible_Investment_-_Interview_with_James_Collins_from_jlcollinsnh
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Welcome to the Radical Personal Finance Podcast. I'm your host, Joshua Sheets. 00:00:06.880 |
Today's show is certain to be challenging, controversial, and I hope appropriately radical. 00:00:15.040 |
Our topic today is real estate, and we'll be discussing why your house is a terrible investment, 00:00:21.260 |
how to do a proper rent versus own calculation, and other wealth building topics with our special guest, James Collins. 00:00:29.520 |
James got his start selling fly swatters door-to-door and picking up empty pop bottles from the side of the road at eight years old. 00:00:35.680 |
Since then, he's earned his living as a soda jerk, busboy, a dishwasher, an order puller, a grocery bagger, a stock clerk, a produce clerk, and a gas station pump jockey, 00:00:44.580 |
a mail clerk, groundman for a tree crew, landscaper, ad agency founder, account executive, ad space salesman, investment officer, entrepreneur, consultant, sales trainer, speaker, writer, radio talk show host, and a publisher. 00:00:59.040 |
He is officially retired, sort of, but from time to time, he shares his wisdom with the world over at jlcollinsnh.com, 00:01:09.100 |
in addition to sitting on a couple of corporate boards for small entrepreneurial companies that he finds interesting. 00:01:15.280 |
James, welcome to the Radical Personal Finance Podcast. 00:01:18.620 |
Well, thank you, Joshua, but I've got to say, that sounds like a guy who can't hold a job. 00:01:22.440 |
When I went and read your about page, I couldn't resist because you did such a good job on there. 00:01:29.960 |
It was kind of my life flashing before my eyes. 00:01:35.840 |
Someday, I've got to make that list for myself because I think I had like 20 jobs or something like that by the time I was in my 20s. 00:01:44.700 |
Anyway, I've got to go and count them all up sometime, but it's so fun to do that and see all the different experiences. 00:01:51.100 |
Well, it is kind of fun, and of course, when you do that, you think back on them. 00:01:58.080 |
With maybe one or two exceptions, I like doing them all. 00:02:04.400 |
So today, I'm excited to have this interview with you. 00:02:11.340 |
We're going to attack the American religion of home ownership, which I'm excited to do. 00:02:20.120 |
I'm going to get in trouble with so more people now. 00:02:23.840 |
So we'll get into that in just a second, though. 00:02:27.600 |
give the audience just a quick background on you, kind of your history in addition to what I just shared, 00:02:33.300 |
and specifically, how did you get interested in the topics of money and personal finance? 00:02:43.280 |
I think actually I've probably been interested in that since the very beginning. 00:02:46.900 |
I mean, anybody who picks up pop bottles on the side of the road when they're eight is obviously interested in money. 00:03:05.360 |
And at some point, I discovered that my money could earn money. 00:03:15.340 |
And, of course, that's a route to financially independent and being financially independent 00:03:21.780 |
and being much more able to pick and choose what kind of work, if any, you want to do at various points.